Aditya Birla Sun Life Multi-Asset Passive FOF vs Nippon India Gold Savings Fund
Direct Plan, Growth option · Data as on 29-10-2026
Aditya Birla Sun Life Multi-Asset Passive FOF is a Fund of Funds fund and Nippon India Gold Savings Fund is a mutual fund. In the 3 years to 30-10-2026, Aditya Birla Sun Life Multi-Asset Passive FOF (Direct) returned 14.5% a year and Nippon India Gold Savings Fund (Direct) returned 30.2% a year. Aditya Birla Sun Life Multi-Asset Passive FOF charges 0.30% a year and Nippon India Gold Savings Fund 0.06% (Direct plans). Their portfolios overlap 12.9%: they hold 1 of the same security.
Aditya Birla Sun Life Multi-Asset Passive FOF
Fund of Funds
- 3 year return
- 14.5%
- Expense ratio
- 0.30%
- NAV
- ₹16.98
Nippon India Gold Savings Fund
- 3 year return
- 30.2%
- Expense ratio
- 0.06%
- NAV
- ₹55.53
Which is better, Aditya Birla Sun Life Multi-Asset Passive FOF or Nippon India Gold Savings? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- Nippon India Gold Savings returned more over 3 years: 30.2% a year against 14.5%.
- Nippon India Gold Savings returned more over 1 year: 15.5% against 1.4%.
- Nippon India Gold Savings costs less: 0.06% a year against 0.30% (Direct plans).
- Aditya Birla Sun Life Multi-Asset Passive FOF swung less over 3 years: a standard deviation of 11.5% a year against 20.5%.
- Aditya Birla Sun Life Multi-Asset Passive FOF fell less in its worst fall since 18-10-2022: −16.4% against −24.4%.
- Nippon India Gold Savings is the larger fund: ₹7,353 Cr against ₹35 Cr.
- Their portfolios overlap 12.9%: 1 of the same holdings.
Past returns do not promise future returns. This page is information, not investment advice.
Key facts
From each fund's scheme summary document and AMFI
| Fact | Aditya Birla Sun Life Multi-Asset Passive FOF | Nippon India Gold Savings Fund |
|---|---|---|
| Fund house | Aditya Birla Sun Life Mutual Fund | Nippon India Mutual Fund |
| Category | Fund of Funds | Not available |
| AUM | ₹35 Cr (30-09-2026) | ₹7,353 Cr (30-09-2026) |
| NAV | ₹16.98 (Direct) | ₹55.53 (Direct) |
| Expense ratio (Direct) | 0.30% | 0.06% |
| Expense ratio (Regular) | 0.62% | 0.25% |
| Riskometer | Very High | Not available |
| Benchmark | 50% Nifty 500 TRI + 35% NIFTY Short Duration Debt Index + 10% Domestic Price of Physical Gold + 5% Domestic Price of Sil | Not available |
| Launch date | 14-10-2022 | Not available |
| Minimum investment | ₹100 | Not available |
| Lock in | None | Not available |
| Fund managers | Kartikeya Singh | Not available |
| Exit load | Exit load of 1.0%, if redeemed within 15 days. | Not available |
Aditya Birla Sun Life Multi-Asset Passive FOF vs Nippon India Gold Savings: Returns Comparison
Returns as on 30-10-2026. Up to one year they are absolute returns. Longer periods are a rate per year.
| Fund | 1M | 3M | 6M | 1Y | 3Y | 5Y | 10Y |
|---|---|---|---|---|---|---|---|
| Aditya Birla Sun Life Multi-Asset Passive FOF (Direct) | −1.23% | −3.75% | −0.37% | +1.37% | +14.46% | -- | -- |
| Nippon India Gold Savings Fund (Direct) | −5.23% | −1.83% | −6.66% | +15.46% | +30.18% | +22.49% | +15.15% |
Aditya Birla Sun Life Multi-Asset Passive FOF vs Nippon India Gold Savings: Year-wise Returns
| Year | Aditya Birla Sun Life Multi-Asset Passive FOFAditya Birla Sun Life Multi-Asset Passive FOF | Nippon India Gold SavingsNippon India Gold Savings |
|---|---|---|
| 2026to date | −2.77% | +4.54% |
| 2025 | +15.57% | +71.54% |
| 2024 | +18.56% | +19.26% |
| 2023 | +25.51% | +14.54% |
| 2022 | -- | +12.64% |
| 2021 | -- | −5.25% |
Aditya Birla Sun Life Multi-Asset Passive FOF vs Nippon India Gold Savings: Rolling Returns
Every holding period of both funds
Rolling returns
Every 3-year holding period, 253 of them, one for each trading day from 20-10-2025 to 29-10-2026: the yearly return (CAGR) of each, plotted on the day it ended. One lucky or unlucky start day cannot flatter or hide a fund.
Aditya Birla Sun Life Multi-Asset Passive FOF (Direct)
Nippon India Gold Savings Fund (Direct)
to
Nov 2025Jan 2023
to
Jan 2026Mar 2023
to
Mar 2026May 2023
to
May 2026Aug 2023
to
Aug 2026Sept 2023
to
Sept 2026
How the periods spread
| Fund | Below 0% | 0-5% | 5-10% | 10-15% | 15-20% | 20-25% | Above 25% | Mean | Median | Lowest | Highest |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Aditya Birla Sun Life Multi-Asset Passive FOF | 0.0 | 0.0 | 0.0 | 9.5 | 73.9 | 16.6 | 0.0 | 17.9% | 17.8% | 13.5% | 23.5% |
| Nippon India Gold Savings | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 100.0 | 34.5% | 34.0% | 29.8% | 44.0% |
The table shows the % of periods in each return band; a darker cell holds more of them. Lumpsum: the yearly rate (CAGR) from a period's first NAV to its last. SIP: the XIRR of the monthly instalments. Every fund is measured over the days all of them have, from 18-10-2022. Past returns do not promise future returns.
Aditya Birla Sun Life Multi-Asset Passive FOF vs Nippon India Gold Savings: SIP and Lumpsum Returns
What the same monthly or one-time investment would be worth in each fund today, from their own NAV history
Growth of an investment
₹10,000 on the first trading day of every month, from 18-10-2022 to 29-10-2026: 49 instalments, ₹4,90,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| Aditya Birla Sun Life Multi-Asset Passive FOFAditya Birla Sun Life Multi-Asset Passive FOF (Direct) | ₹4,90,000 | ₹6,10,607 | ₹1,20,607 | 10.8% |
| Nippon India Gold SavingsNippon India Gold Savings Fund (Direct) | ₹4,90,000 | ₹8,50,326 | ₹3,60,326 | 27.8% |
Aditya Birla Sun Life Multi-Asset Passive FOFAditya Birla Sun Life Multi-Asset Passive FOF (Direct)
Nippon India Gold SavingsNippon India Gold Savings Fund (Direct)
Amount invested
From each plan's published NAV (Growth option), over the same days. Return a year: XIRR for a SIP, CAGR for a lumpsum, shown for a year or more. It does not include exit load, stamp duty or tax. Past returns do not promise future returns.
Aditya Birla Sun Life Multi-Asset Passive FOF vs Nippon India Gold Savings: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Aditya Birla Sun Life Multi-Asset Passive FOF (Direct) | Nippon India Gold Savings Fund (Direct) |
|---|---|---|
| Return (CAGR) | +1.37% | +15.46% |
| Standard deviation | 13.47% | 28.30% |
| Sharpe ratio | -0.29 | 0.36 |
| Sortino ratio | -0.36 | 0.50 |
| Maximum drawdown | −16.4% (23-03-2026) | −24.4% (23-03-2026) |
| Beta | -- | -- |
| Alpha | -- | -- |
From daily NAVs, 29-10-2025 to 29-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta and alpha compare each fund with its own benchmark's TRI.
| Measure | Aditya Birla Sun Life Multi-Asset Passive FOF (Direct) | Nippon India Gold Savings Fund (Direct) |
|---|---|---|
| Return (CAGR) | +14.46% | +30.18% |
| Standard deviation | 11.52% | 20.46% |
| Sharpe ratio | 0.73 | 1.18 |
| Sortino ratio | 0.96 | 1.68 |
| Maximum drawdown | −16.4% (23-03-2026) | −24.4% (23-03-2026) |
| Beta | -- | -- |
| Alpha | -- | -- |
From daily NAVs, 27-10-2023 to 29-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta and alpha compare each fund with its own benchmark's TRI.
| Measure | Aditya Birla Sun Life Multi-Asset Passive FOF (Direct) | Nippon India Gold Savings Fund (Direct) |
|---|---|---|
| Return (CAGR) | +14.04% | +10.27% |
| Standard deviation | 10.35% | 15.07% |
| Sharpe ratio | 0.76 | 0.28 |
| Sortino ratio | 1.00 | 0.40 |
| Maximum drawdown | −16.4% (23-03-2026) | −24.7% (06-08-2015) |
| Beta | -- | -- |
| Alpha | -- | -- |
From daily NAVs, 18-10-2022 to 29-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta and alpha compare each fund with its own benchmark's TRI.
Drawdowns
How far below its previous high each one was on every day: the falls an investor had to sit through. 0% means it was at a new high.
Aditya Birla Sun Life Multi-Asset Passive FOF (Direct)
Nippon India Gold Savings Fund (Direct)
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Aditya Birla Sun Life Multi-Asset Passive FOF (Direct) | −16.4% | 29-01-2026 | 23-03-2026 | Not yet | -- | −9.9% |
| Nippon India Gold Savings Fund (Direct) | −24.4% | 29-01-2026 | 23-03-2026 | Not yet | -- | −21.4% |
From daily values since 18-10-2022, the first day every fund has.
Rolling standard deviation
Whether the swings have grown or calmed over time: the standard deviation of daily changes over every 1-year window, scaled to a year, plotted on the window's last day. Higher means a bumpier ride.
Aditya Birla Sun Life Multi-Asset Passive FOF (Direct)
Nippon India Gold Savings Fund (Direct)
Whether the swings have grown or calmed over time: the standard deviation of daily changes over every 3-year window, scaled to a year, plotted on the window's last day. Higher means a bumpier ride.
Aditya Birla Sun Life Multi-Asset Passive FOF (Direct)
Nippon India Gold Savings Fund (Direct)
Aditya Birla Sun Life Multi-Asset Passive FOF vs Nippon India Gold Savings: Portfolio Overlap
From each fund's latest monthly portfolio: Aditya Birla Sun Life Multi-Asset Passive FOF, September 2026; Nippon India Gold Savings Fund, September 2026
Holdings in common
- Overlap
- 12.9%
- Held by both
- 1
- Only in Aditya Birla Sun Life Multi-Asset Passive FOF
- 11
- Only in Nippon India Gold Savings
- 0
| Security | % of Aditya Birla Sun Life Multi-Asset Passive FOF | % of Nippon India Gold Savings |
|---|---|---|
| NIPPON INDIA ETF GOLD BEES | 12.95% | 100.03% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 12.9% means 12.9% of each fund's money sits in positions the other also holds. Matched by ISIN. Cash and hedged positions are left out.
Largest holdings only in Aditya Birla Sun Life Multi-Asset Passive FOF
| Security | % of fund |
|---|---|
| Aditya Birla Sun Life Nifty Smallcap 50 Index Fund-Direct Growth | 13.56% |
| Aditya Birla Sun Life Nifty Midcap 150 Index Fund-Direct Growth | 12.40% |
| Aditya Birla Sun Life Nifty Next 50 Index Fund-Direct Growth | 10.48% |
| Aditya Birla Sun Life Nifty Healthcare ETF | 7.65% |
| Kotak Nifty Etf Open Ended | 6.92% |
Largest holdings only in Nippon India Gold Savings Fund
Every holding of this fund is also held by the other.
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Aditya Birla Sun Life Multi-Asset Passive FOF | Nippon India Gold Savings |
|---|---|---|
| Equity | 0.0% | 0.0% |
| Debt | 0.0% | 0.0% |
| Cash and others | 100.0% | 100.0% |
Aditya Birla Sun Life Multi-Asset Passive FOF vs Nippon India Gold Savings: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Aditya Birla Sun Life Multi-Asset Passive FOF | Nippon India Gold Savings Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.30% | 0.06% |
| Base expense ratio (Direct) | 0.24% | 0.05% |
| Total expense ratio (Regular) | 0.62% | 0.25% |
| Base expense ratio (Regular) | 0.52% | 0.21% |
The expense ratio comes out of the fund's assets every day, so every return on this page is already after it. Base expense ratio: the fund house's own fee. The total adds brokerage, transaction costs, and levies with GST.
Aditya Birla Sun Life Multi-Asset Passive FOF vs Nippon India Gold Savings Fund: Frequently Asked Questions
What is the difference between Aditya Birla Sun Life Multi-Asset Passive FOF and Nippon India Gold Savings Fund?
Aditya Birla Sun Life Multi-Asset Passive FOF is a Fund of Funds fund, Nippon India Gold Savings Fund is a mutual fund, run by Aditya Birla Sun Life Mutual Fund and Nippon India Mutual Fund. Their portfolios overlap 12.9%. Aditya Birla Sun Life Multi-Asset Passive FOF charges 0.30% a year and Nippon India Gold Savings Fund 0.06%.
Which has given higher returns, Aditya Birla Sun Life Multi-Asset Passive FOF or Nippon India Gold Savings Fund?
Over 1 year: Aditya Birla Sun Life Multi-Asset Passive FOF +1.37%, Nippon India Gold Savings Fund +15.46%. Over 3 years: Aditya Birla Sun Life Multi-Asset Passive FOF +14.46% a year, Nippon India Gold Savings Fund +30.18% a year. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, Aditya Birla Sun Life Multi-Asset Passive FOF or Nippon India Gold Savings Fund?
Nippon India Gold Savings Fund charges less: 0.06% a year against 0.30%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Aditya Birla Sun Life Multi-Asset Passive FOF and Nippon India Gold Savings Fund overlap?
12.9%. They hold 1 of the same securities, the largest shared ones being GOLDBEES. From each fund's latest monthly portfolio.
Which is better for SIP, Aditya Birla Sun Life Multi-Asset Passive FOF or Nippon India Gold Savings Fund?
Over the last 3 years, a monthly SIP of ₹10,000 from 03-10-2023 to 29-10-2026 grew to ₹4,14,513 in Aditya Birla Sun Life Multi-Asset Passive FOF (XIRR 7.3% a year) and ₹5,64,557 in Nippon India Gold Savings Fund (XIRR 28.7% a year). Both received 37 instalments. Past returns do not promise future returns.
Can I invest in both Aditya Birla Sun Life Multi-Asset Passive FOF and Nippon India Gold Savings Fund?
Yes. 12.9% of each fund's money sits in the same holdings, so some of the two investments would move together.
Sources: NAV and expense ratio from AMFI. Holdings from each fund house's monthly portfolio statement. Fund facts from each scheme summary document.
This page is information, not investment advice. Mutual fund investments are subject to market risks; read all scheme related documents carefully. Past returns do not promise future returns. Figures come from AMFI, NSE, BSE and each fund house's own documents.